Home Depot (NYSE:HD) Trading Up 0.1%

The Home Depot, Inc. (NYSE:HD)’s share price was up 0.1% during trading on Monday . The company traded as high as $384.00 and last traded at $380.24. Approximately 465,760 shares traded hands during trading, a decline of 86% from the average daily volume of 3,369,786 shares. The stock had previously closed at $379.99.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Finally, Loop Capital decreased their target price on shares of Home Depot from $360.00 to $330.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.79.

Home Depot Stock Up 0.5 %

The stock has a market capitalization of $379.36 billion, a PE ratio of 25.50, a PEG ratio of 2.57 and a beta of 1.00. The business has a 50 day moving average of $361.04 and a two-hundred day moving average of $353.92. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter last year, the firm earned $4.65 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio is presently 60.36%.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Home Depot by 1.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after buying an additional 2,209 shares during the last quarter. Empirical Finance LLC boosted its holdings in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares in the last quarter. Commonwealth Retirement Investments LLC grew its position in shares of Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after acquiring an additional 965 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Home Depot by 34.8% in the 1st quarter. V Square Quantitative Management LLC now owns 15,913 shares of the home improvement retailer’s stock valued at $6,104,000 after purchasing an additional 4,111 shares in the last quarter. Finally, Leeward Financial Partners LLC raised its holdings in Home Depot by 7.3% in the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after purchasing an additional 711 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.